| | | Re: Equinor ASA ADR(EQNR)
Got my first buys completed in EQNR as I build this position.
Equinor ASA operates as an energy company. It engaged in developing oil, gas, wind and solar energy projects and focuses on offshore operations and exploration services. Equinor ASA, formerly known as Statoil ASA, is based in Norway, Europe. This is better held in a taxable account as there is a Foreign Tax paid on the dividend income. You can claim a tax credit on your taxable return.
The company does NG exploration & drilling in the North Sea w/ this NG delivered to European countries. Russia NG is banned by the EU, so countries must pay a premium if they want NG. US hints that LNG exports may be banned which would further increase the domestic EU prices for NG/LNG.
Stock is cheap w/ 7x PE. I suspect could also be a $US currency play if $US falls but total position will be small so that impact would be small in my portfolio (only .08% portfolio position - still building).
Also been building a position in Apa Corp(APA) (6.8x PE) w/ their recent announcement of the merger w/ CPE, an all stock deal. CPE is a domestic NG driller & explorer. APA now a 0.38% portfolio position w/ 5 Buys in Jan 2024.
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Phillips 66(PSX) (last $145/share)announced better than expected earnings yesterday and now at an All Time High. FWIW I got my PSX shares on the COP spin off in 2012 w/ an avg price of $21/share. 3% div not too bad either. This position a 2.38% portfolio position as I let this one grow.
Pipeline companies also starting to move; My pipeline basket includes: WMB, KMI, PBA, ENB and even my lone MLPs ET & EPD have yet to make all time highs but div income rock solid.
Value Investing takeaway; diversify, buy when others are selling and hold for years collecting those dividends and eventually Mr Market will reward those assets with higher prices. |
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